Coronavirus has no effect on Iran's oil production
The outbreak of novel coronavirus has not affected Iran's oil production, Iran’s oil minister Bijan Namdar Zanganeh said on the sidelines of the OPEC meeting. "It has had no effect on Iran's oil …
Iranian Oil ministry
Zanganeh: oil market back to normal after Saudi attack
Iran's Oil Minister Bijan Zanganeh said that the global oil market was in a normal condition following an attack on Saudi oil infrastructure earlier this month. There is currently a little surplus on the supply side …
Fire at Iran oil ministry building put out
The main building of the Iranian Oil Ministry on Taleghani Street has been secured after the fire on the 15th floor was put out this morning, Mehr news agency reports. Latest reports indicate that the main building of the Iranian Oil …
What to expect after July OPEC+ summit?
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Zanganeh: OPEC doomed to dissolution
Iran backed cooperation with non-OPEC oil exporter states, but believes that an organisation, where Russia and Saudi Arabai strive to challenge the interests of other members, is doomed to dissolution, Iran’s Oil Minister Bijan …
Oil discovered in Iran's Abadan region
Iran has discovered oil in the southwestern Abadan region for the first time, the republic's Oil Minister Bijan Namdar Zanganeh said. According to him, the oil was found at a depth of 3,570 meters in an exploratory …
Tehran calls on OPEC to scrap monitoring committees
Iran's oil minister Bijan Zanganeh wrote to OPEC's secretary general Mohammed Barkindo calling for two committees tasked with monitoring a deal between OPEC and other countries …
Iran expects steep increase in gas output
Iran will see a steep rise in its natural gas output and exports, its deputy oil minister Amir Hossein Zamaninia said on the sidelines of 22nd World Petroleum Congress in Istanbul. Iran's deputy oil minister for …
Iran to increase oil output by 20%
Iran plans to add around a quarter to its production capacity in the next five years, Iran's Oil Minister Bijan Namdar Zanganeh said. The development of new fields as well as improved oil recovery from mature …
Iran to hold tender for oil, natural gas fields in mid-February
Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country's first such tender since the lifting of international sanctions a year ago, an oil official said on Saturday, Reuters reported. …
New oil and gas fields found in Iran - media
New large-scale oil and gas fields are found in Iran, the deputy head of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said. According to him, the Iranian oil minister will provide full information on …
Iran supports oil price of $50-60 per barrel, stability measures
Iran supports an oil price of $50-60 per barrel and any measure to stabilise the market, state TV quoted Iran's oil minister Bijan Zanganeh as saying on Tuesday, Reuters reported. "Iran wants a stable market …
Iranian Foreign Ministry: we ready to cooperate with OPEC
Tehran wants its pre-sanctions share of the crude market, the Iranian Oil Minister Bijan Namdar Zanganeh said, dampening the prospects of agreement on an output freeze at an OPEC meeting next month. "Iran …
Media: new rules for Iranian oil contracts
Iran's cabinet approved an amended draft for the country's new oil and gas contracts at today's meeting attended by President Hassan Rouhani. "The draft of the general conditions, structure and patterns …
NIOC: oil markets to remain stable
NIOC’s director of international affairs, Mohsen Ghamsari, said that Iran has regained about 80% of the market share it held before the US and European Union tightened sanctions on its oil industry in 2012. …
Zanganeh: Iran's oil export rise has no negative effect on market
Iran's doubling of oil exports has had no negative effect on the market, the country's oil minister Bijan Namdar Zanganeh said before flying to Vienna to attend an OPEC meeting. "Iran's oil exports have …
Iran to lay 5000 km-long gas-pipelines over next 5 years
Iran plans to construct 5000 km-long gas-pipelines across the country over the next five years, the planning director of the National Iranian Gas Company, Hassan Montazer Torbati, said. He noted that the …
Doha meeting ends without agreement
OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output, Reuters reports. The participants of the meeting in Doha acknowledged that the fundamentals are improving. Qatar's minister said that the dynamics of …
Tehran and Delhi to sign Farzad-B agreement in October
New Delhi and Tehran will sign a contract to develop Iran's Farzad-B gas field in October 2016. This was announced in a joint document after a meeting between the Indian Minister of Oil and Gas, Dharmendra Pradhan, and his …
Delhi invests 20 billion dollars in Chabahar Iranian port
India plans to invest 20 billion dollars in the development of the Iranian port of Chabahar, the Indian Minister of Oil and Gas, Dharmendra Pradhan, said after the meeting with his Iranian counterpart, Bijan …
